Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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What New Year’s credit deals promise—and why you should be wary Jan 17th
January is for fresh starts, but too many Canadians are held back by last year’s overspending. Lenders know about new year’s debt-hangovers, so you may be seeing more credit offers in your inbox—but be wary. Used incorrectly, that deal on a balance transfer or sign-up bonus could get you into .... More »
Mortgage debt taking up a record share of income Mar 17th
Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national balance sheet and financial flow accounts. The data shows Canadians are spending 7.66% of their household dispos.... More »
Canadian real estate market outlook 2018 Jan 8th
Romana King is an award-winning personal finance writer, a real estate expert and speaker. She is the current Director of Content at Zolo.ca
There’s never a dull day in real estate. Last year started off with a big nervous question: Will the Canadian housing market crash? In 2018, the new year.... More »
Mortgage Career: PoloLoans Inc. + MORE Nov 27th
Company: PoloLoans Inc. Positions: Mortgage Agent Years of Experience Required: One Licences/Registrations required? Yes – Mortgage Agent Location: Collingwood, ON Apply to: Email info@brmlending.com or phone 1-877-662-5190 Mortgage Agent Individual will be working in a team environment, mento.... More »
Pace of construction in Ottawa still too high, according to CMHC Jan 28th
Home builders need to further scale back construction to cool overheated markets in Ottawa and other centres, says Canada Mortgage and Housing Corp. A quarterly market assessment released by the federal government’s housing watchdog Wednesday said rising vacancy rates and high inventories of n.... More »
CMHC Hikes Premiums Again
– canadianmortgagetrends.com
If you plan to buy a home with less than 10% down and get CMHC insurance, get ready to pay another $450 per $100,000 of mortgage. That’s what CMHC’s just-announced premium hike amounts to. Click here for details It’s the second time in about a year that CMHC has raised its fees on homeowners. The new premiums are a 14-15% increase over today, or 31% if you compare them to CMHC’s fees last year. CMHC’s move targets only those putting down less than 10%, which amounts to 56.8% of CMHC-insured borrowers, as of CMHC’s latest reported quarter. The company says the decision is READ MORE
What's Wrong With The U.S. Economy? Job Growth Isn't Boosting GDP And Cheap Gas Isn't Powering Spending
– walletpop.ca
WASHINGTON — Steady hiring is supposed to fire up economic growth.
Cheap gasoline is supposed to power consumer spending.
Falling unemployment is supposed to boost wages.
Low mortgage rates are supposed to spur home buying.
America’s economic might is supposed to benefit its workers.
Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.
The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
Restaurants cut back on hiring because savings at the gas pump didn’t lead to more dinner reservations. Builders and manufacturers each cut 1,000 workers from payrolls, thanks to tepid construction activity and so-so factory orders.
Had Friday’s report been released a few days earlier, “it would have been laughed at as a great April Fools’ joke,” said Gregory Daco, head of U.S…
Why US job growth isn’t boosting the economy and cheap gas isn’t powering spending
– canadianbusiness.com
WASHINGTON – Steady hiring is supposed to fire up economic growth.
Cheap gasoline is supposed to power consumer spending.
Falling unemployment is supposed to boost wages.
Low mortgage rates are supposed to spur home buying.
America’s economic might is supposed to benefit its workers.
Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.
The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
Restaurants cut back on hiring because savings at the gas pump didn’t lead to more dinner reservations. Builders and manufacturers each cut 1,000 workers from payrolls, thanks to tepid construction activity and so-so factory orders.
Had Friday’s report been released a few days earlier, “it would have been laughed at as a great April Fools’ joke,” said Gregory Daco, head of U…
Cheap gasoline is supposed to power consumer spending.
Falling unemployment is supposed to boost wages.
Low mortgage rates are supposed to spur home buying.
America’s economic might is supposed to benefit its workers.
Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.
The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
Restaurants cut back on hiring because savings at the gas pump didn’t lead to more dinner reservations. Builders and manufacturers each cut 1,000 workers from payrolls, thanks to tepid construction activity and so-so factory orders.
Had Friday’s report been released a few days earlier, “it would have been laughed at as a great April Fools’ joke,” said Gregory Daco, head of U…
Canada Mortgage and Housing Corp. is raising mortgage insurance premiums for homebuyers with less than a 10 per cent down payment.
First National
– canadianmortgagetrends.com
Company: First National Position: Senior Underwriter, Commercial Mortgages Location: Toronto, Ontario Senior Underwriter, Commercial Mortgages Why Choose First National as a Great Place to Work? More than 80% of current First National employees indicate that they would recommend First National to a friend as a great place to work. More than 85% of current First National employees indicate that they have trust and confidence in our Senior Leadership team’s ability to achieve our goals! We are extremely proud to have been awarded the Employer of Choice Award from CMP (Canadian Mortgage Awards) for 2010, 2011, and 2014! We offer: A professional READ MORE
